You could get most of your down payment back, or be able to pay off investors quickly.  

They are short term loans, usually 6-12 months, high rate, interest only payments. 

If you have extra cash at the end of the month, then do double up payments on the mortgages so the principle is reduced and this will increase your heloc room.

The appraisal district shortly thereafter corrected the tax allotment “anomaly” between the two lots, but the investor never made a tax payment and eventually lost the lot to a tax foreclosure.  

Best practice is to keep one or two payments in reserve from the buyers down payment for such instances.

.- $14,970 in change orders, thus far.At two years since lot purchase, loan costs have added up between closing costs, interest payments, and extension fees, as well. 

@Jordyn Ohsnot enough info to helpbut if you're using a HELOC for the down payment AND getting a loan, then you're probably negative cash flow given that's 100% leveragei would never do that unless i were going to refinance in the short term

Would it be wise to buy the land with cash we have or utilize as down payment to avoid PMI?

Try to put a bigger down payment in than you might need to give yourself some breathing room.2.

@Andrew Lanoie I apologize for my remark.But our investment is 40 times the monthly payment.